Allcargo Logistics Ltd Share Price – NSE /  BSE

Logistics, Small Cap

Angel One Ltd, Vijaya Diagnostic Centre Ltd, KEI Industries Ltd, Aegis Logistics Ltd are among the other stocks to see a surge in volumes on NSE today, 20 August 2024.

Allcargo Logistics Ltd saw volume of 573.71 lakh shares by 14:14 IST on NSE, a 33.89 fold spurt over two-week average daily volume of 16.93 lakh shares. The stock increased 9.43% to Rs.67.30. Volumes stood at 16 lakh shares in the last session.

Angel One Ltd saw volume of 114.81 lakh shares by 14:14 IST on NSE, a 12.11 fold spurt over two-week average daily volume of 9.48 lakh shares. The stock increased 12.89% to Rs.2,643.00. Volumes stood at 41.88 lakh shares in the last session.

Vijaya Diagnostic Centre Ltd registered volume of 25.32 lakh shares by 14:14 IST on NSE, a 10.91 fold spurt over two-week average daily volume of 2.32 lakh shares. The stock rose 7.54% to Rs.893.25. Volumes stood at 3.42 lakh shares in the last session.

KEI Industries Ltd recorded volume of 12.22 lakh shares by 14:14 IST on NSE, a 9.71 times surge over two-week average daily volume of 1.26 lakh shares. The stock gained 8.33% to Rs.4,731.10. Volumes stood at 1.08 lakh shares in the last session.

Aegis Logistics Ltd notched up volume of 17.74 lakh shares by 14:14 IST on NSE, a 7.31 fold spurt over two-week average daily volume of 2.43 lakh shares. The stock rose 3.91% to Rs.811.00. Volumes stood at 1.81 lakh shares in the last session.

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The frontline indices traded in a narrow range with decent gains in early afternoon trade. The Nifty traded above the 24,700 level. Financial services shares advanced after declining in the past trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, jumped 466.19 points or 0.58% to 80,895.21. The Nifty 50 index gained 143.05 points or 0.58% to 24,715.70.

In the broader market, the S&P BSE Mid-Cap index jumped 0.56% and the S&P BSE Small-Cap index rallied 0.24%.

The market breadth was positive. On the BSE, 2,222 shares rose and 1,576 shares fell. A total of 128 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.16% to 14.01. The Nifty 29 August 2024 futures were trading at 24,733, at a premium of 17.30 points as compared with the spot at 24,715.70.

The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 38.7 lakh contracts at the 25,000 strike price. Maximum Put OI of 54.9 lakh contracts were seen at 24,000 strike price.

Buzzing Index:

The Nifty Financial Services index gained 1.25% to 23,208.95. The index shed 0.23% in the past trading session.

SBI Life Insurance Company (up 3.05%), HDFC Life Insurance Company (up 2.82%), ICICI Lombard General Insurance Company (up 2.77%), Bajaj Finserv (up 2.62%), Shriram Finance (up 2.42%), REC (up 2.06%), Power Finance Corporation (up 2.05%), ICICI Prudential Life Insurance Company (up 2.04%), Cholamandalam Investment & Finance Company (up 1.98%) and HDFC Asset Management Company (up 1.84%) advanced.

Stocks in Spotlight :

Allcargo Logistics surged 8.89% after the company‘s LCL volume for the month of July 2024 stood at 818 lakh cubic meters (Cbm), registering the growthof 6% as compared with 773 lakh CbM in the month of June 2024.

Hi-Tech Pipes rose 1.18% after the company announced that it has bagged orders for supplying ERW Steel Pipes, totaling of Rs 105 crore from key customers in the renewable energy sector.

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Volumes have steadily increased on the back of improved global trade and company’s growth initiatives. The company expects the momentum to remain through the year.

On the back of volumes, freight rates are also anticipated to stay high until the end of peak season.

Container utilization improved utilization is on the back of increase in volumes. The container Utilization index stood at 106 in July 2024 as against 100 in August 2023.

The 40 feet container usage improved on account of increased volume. The 40 feet container usage index stood at 110 in July 2024 as against 100 in August 2023.

FCL operations remained flat at 54 lakh twenty-foot equivalent units (TEUs) for the month of July 2024 as compared with previous month, FCL volumes have been overall flat with marginal declines in China, Vietnam and Mexico and increase in India, Turkey and UAE.

Allcargo Logistics is an integrated logistics service provider and operates in multiple business segments – multimodal transport operation (MTO), container freight station (CFS) / inland container depot (ICD), projects and engineering (P&E), contract logistics, and logistics parks (LPs) in which it has forayed recently.

The company’s consolidated net profit declined 95.6% to Rs 5.37 crore in Q1 FY25 as compared with Rs 122.57 crore in Q1 FY24. Net sales jumped 16.6% YoY to Rs 3812.81 crore in Q1 FY25.

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Net profit of Allcargo Logistics declined 95.62% to Rs 5.37 crore in the quarter ended June 2024 as against Rs 122.57 crore during the previous quarter ended June 2023. Sales rose 16.56% to Rs 3812.81 crore in the quarter ended June 2024 as against Rs 3271.06 crore during the previous quarter ended June 2023.

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